BERLIN, April 29 Volkswagen posted
higher first-quarter operating profit, helped by technical
factors, as the European recovery lifted sales of Audi and
Porsche luxury models to record levels.
Operating profit at the German group jumped 22 percent to
2.9 billion euros ($4.01 billion), beating a 2.74 billion-euro
consensus forecast in a Reuters analyst poll.
A year ago, underlying earnings at Europe's biggest carmaker
were curbed by as much as 350 million euros because of
provisions at engineering group MAN SE linked to a failed power
plant project and costs of an overseas vehicle recall.
($1 = 0.7223 Euros)
(Reporting by Andreas Cremer, editing by Edward Taylor)